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20130101
20130131
Search Results 0 to 9 of about 10 (some duplicates have been removed)
of the committee, supervisor kim, we report on pages 17 and 18 that the proposed expansion of moscone would yield annual additional tax revenues to the city as has been indicated of approximately 5.8 million in fiscal year 17, 18, and up to 6.6 million in fiscal year 21 22. * generally estimated, ourest mass of 24 08 for 37 new one time construction jobs and up to 9 45 ongoing permanent jobs by fiscal year 20 21, 22. provide an estimated 3 82 million in construction expenditures for an additional 3 71,000 square feet. * that's an estimated 1,0 $30 per square foot. * be financed with 82.6 million of available hotel assessment fees subject to separate approval based on the results from the hotel ballots and by resolution of the board of supervisors. and then 5.2 million of available city general if you hadxv of approximately 8% of the total 1 billion 105 million 915 [speaker not understood] project costs. now, that includes, of course, the financing costs of which as the chair has stated 70% would be paid from the hotel assessments. increase moscone's ongoing maintenance and operating costs about a
will consider an additional resolution to form the moscone expansion district. once ballots are received and counted which will take place during the meeting. if two-thirds of the received ballots are favorable, you will then be asked to consider a resolution to form the district along with three items we just presented to you today. so, following the next tuesday's meeting is the entitlement process and c-e-q-a review followed by a court validation action period. and if all goes well, the moscone expansion district and collection of assessments will officially begin on july 1. commercial paper is scheduled to be issued in the fall and construction is slated to begin in november of 2014. cops will be issued beginning in january of 2017. so, supervisors, to recap, we are asking for your support of three items today. number one, an ordinance authorizing the issuance of cops, an ordinance appropriating 507,880,000 of cops and finding fiscal feasibility. and noted on the bottom of the slide if you choose to authorize these items today you may want to consider including language clarifying th
district known as moscone expansion district. >> thank you very much. we have lisa from office of economic and workforce development to come and talk about item number five. >> good morning chair farrell, committee member, supervisor avalos and supervisor mar. on november 20, 2013. the board of supervisors unanimously approved resolution to establish base to be known as moscone expansion district. it was resolution 416-12. in this resolution a public meeting on the proposed establishment of the district and collection of assessment was set for january 23, 2013 at the budget and finance committee. no action will be taken at this meeting on proposed settlement district. testimony can be heard and as members of the public are here to testify. in december a ballot for the special election on the proposed moscone expansion district together with a joint notice of the january 23rd public meeting were mailed to all businesses registered as hotels registered in san francisco. additional testimony on the formation of the moscone expansion district will be taken at the public hearing on february 5th
for the lease and lease back of all or a portion of the moscone center, including the moscone expansion project, to be constructed thereon; authorizing the execution and delivery of assessment notes payable from moscone expansion district assessments to further secure principal, premium, if any, and interest evidenced and represented by the certificates; granting general authority to city officials to take necessary actions in connection with the authorization, issuance, sale, and delivery of the certificates and the assessment notes; approving modifications to documents and agreements; and ratifying previous actions taken in connection therewith. item number 7, ordinance appropriating $507,880,000 of certificate of participation proceeds to fund the moscone center expansion project in the general services agency, office of the city administrator, for fy 2012-2013 and placing these funds on controller's reserve pending issuance of the cop's or associated commercial paper used for cash flow purposes in fy 2012-2013. >> thank you very much, mr. clerk. and i want to welcome a number of people invo
center. under the proposal before you today, the moscone expansion district will support and enable the city to invest important infrastructure project. we're very excited as a community -- hotel community about the project. the funding partnership is almost identical as you've seen today for our tid formed back in 2008. as through the vehicle of the tid, we've been able to have great sales marketing and promotion opportunities to support the city and our increasing occupancy and adrs. we hope you support this proposal for us forming the med and funding the expansion of moscone center. >> quick question for you. from a hotel's perspective, just curious. been involved in the hotel industry for awhile. adr impacts, [speaker not understood], what do you think about a project like this and what will it do for you? >>> i think we're still very optimistic. we know the statistics have shown we're getting to capacity on occupancy. actually we haven't reached market at the st. regis. we're relatively new in the city. but we think that with the expansion we'll have more opportunity to spread
the construction for the expansion of the moscone convention center. in addition to the improvements to the facilities, we will also be looking to improve streetscape, connectivity, bicycle and pedestrian safety, and bring a sense of arrival of moscone convention center with [speaker not understood]. the image before you is an aerial view of moscone showing where where the areas of expansion will be. that is at the north, south, and at the east building what we call the esplanade building. the next couple of slides will show a sample of cultural facilities including existing deficient conditions at moscone center. as you can see there is an open space, yerba buena at the top left image. sister cities garden, performing art center, restaurants b, and [speaker not understood] in north moscone. the bottom two images you sue there are the emphasis to north and south. these are two out of the three areas where we are expanding the moscone. so, bringing the building out to the street, activating the street, and improving the streetscape. this slide shows some of the deficiencies around the
Search Results 0 to 9 of about 10 (some duplicates have been removed)